Amentum (NYSE:AMTM) Price Target Cut to $31.00 by Analysts at JPMorgan Chase & Co.

Amentum (NYSE:AMTM) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $34.00 to $31.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 35.31% from the company’s previous close.

AMTM has been the topic of several other research reports. Citizens Jmp reissued a “market outperform” rating and issued a $40.00 price objective on shares of Amentum in a research report on Monday, April 13th. Weiss Ratings raised Amentum from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. BTIG Research reissued a “buy” rating and issued a $35.00 price objective on shares of Amentum in a research report on Thursday, May 14th. Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, BNP Paribas Exane initiated coverage on Amentum in a research report on Tuesday. They issued an “underperform” rating and a $22.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.00.

Amentum Stock Down 1.4%

Amentum stock traded down $0.32 during trading on Tuesday, hitting $22.91. 1,238,408 shares of the company were exchanged, compared to its average volume of 2,061,581. The business’s 50 day moving average is $25.86 and its 200 day moving average is $28.64. Amentum has a 52 week low of $19.11 and a 52 week high of $38.11. The company has a market capitalization of $5.60 billion, a P/E ratio of 38.18, a PEG ratio of 0.69 and a beta of 0.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. Amentum’s revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts predict that Amentum will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Amentum by 45.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 425 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Amentum by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock valued at $867,000 after buying an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Amentum by 35.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after buying an additional 481 shares during the last quarter. BCS Private Wealth Management Inc. lifted its position in shares of Amentum by 5.0% during the 4th quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after buying an additional 575 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Amentum by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.